Wage Payment Irregularities/ Dealing with Disruptions in the Payroll Process

Duration: 90 minutes

Speaker: Patrick A. Haggerty, EA

CREDITS:

Available On-Demand

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On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$179
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Recording With License to Share Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.	$599	Select

ABOUT THE EVENT

Overview:

This is a basic skills and knowledge webinar that provides overview of common problems encountered in payroll and methods for prevention, mitigation and resolution. The discussion will include when use of specific forms may be required, such as Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund and Form W-2C, Corrected Wage and Tax Statement. Special procedures related to fringe benefit withholding, deceased employee wages and misclassified employees will be covered.

Areas Covered:

Prevention and correction of withholding errors
Correction of wage over payments and under payments
Overtime pay corrections and adjustments
Employee misclassification – employee/contractor and exempt/nonexempt
Paycheck issues: Unclaimed wages, Lost / stolen paychecks / Holder in due course
Back pay awards and special wage payments
Paying and reporting deceased employee wages
Accrued fringe benefits and salary reduction arrangements
The “Special Rule” for fringe benefits
Fraud issues including ghost employees
Policy and Internal controls
W-4 issues: Invalid, name/number mismatch

Learning Objectives:

Identify various payroll errors and know how to correct them.
Know how to respond to paycheck problems that may arise after the check has been issued
Recognized when special reporting procedures may be required such as back pay, special wage payments and deceased employee wages.
Understand the rules for reporting and withholding for non-cash and salary reduction fringe benefits\
Recognize potential fraud issues
Understand the importance of Form W-4 and the related compliance issues.

Who Should Attend:

Payroll Professionals
Public Accountants and Enrolled Agents
Tax Compliance Officers
Officers and Managers with Payroll or Tax Compliance Oversight
Company / Business Owners
Managers/ Supervisors
Public Agency Managers
Audit and Compliance Personnel.

Speaker(s)

Patrick A. Haggerty, EA

Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.

CEUs

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.5

Compliance Prime is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org

Credits: 1.5

Compliance Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.

Credits: 1.5

Credits: 1.5

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